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Global investment industry ‘needs to double’ stewardship resources

Zurich. The TAI says existing guidelines, including the Swiss Stewardship Code and the UK Stewardship Code, do not set specific formats for disclosing stewardship resourcing, so “publicly available stewardship reports seldom provide useful and comparable insights” (Photo: Pascal Mora/Bloomberg)
Zurich. The TAI says existing guidelines, including the Swiss Stewardship Code and the UK Stewardship Code, do not set specific formats for disclosing stewardship resourcing, so “publicly available stewardship reports seldom provide useful and comparable insights” (Photo: Pascal Mora/Bloomberg)

The investment industry dedicates around 5 per cent of its resources to stewardship, estimates the non-profit Thinking Ahead Institute

The global investment industry’s resourcing of stewardship—a practice in which investors engage with their investee companies in order to generate long-term value—is “inadequate and not fit for purpose”, says a report by the non-profit Thinking Ahead Institute.

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